Bank Statement and Stated income Programs.
 
Benefits:
·         Lower interest rate then Private Money/Hard Money Mortgages
·         Build equity faster
           Higher LTV's then Hard Money
    No prepayment Penalties
    Scores starting at 500
           Can be done with recent BK or Shortsale or Foreclosure
·         Rate is fixed upto 30 years with no prepaymenty penalties
 
Drawbacks:
·         Higher monthly rate then a conventional mortgage
.